Back in 2011, the Italian government under Mario Montis instituted a pension reform deciding the Fonero right. Italy had to impose this reform to reduce its debt to comply with the Maschrict Treaty. The Social Affairs Minister Elsa Fonero, increased in the retirement age completely abolishing early retirement and eliminated indexing pensions to inflation above a threshold income level. […]

Todays comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]

  QUESTION: Mr. Armstrong, Putin invaded Syria precisely on the day of your model back in 2015.75. You have stated at the WEC that the upcoming Pi turning point on November 21, 2018, is most often political in nature. You scheduled this year’s WEC for the week before. Trump just called Assad an animal. Even […]

A very encouraging start to the week especially given the declines seen in the US late on Friday. Many were concerned Asia would continue the US wobble, which were the preliminary moves for Shanghai, Nikkei and ASX. However, after the initial moves were rejected most moved to recover early losses. The Hang Seng was the […]

Economic Theory QUESTION: Hi Mr. Armstrong. Impressive work you do. I have followed you closely since I watch your documentary and your predictions have mostly been spot on. I was wondering if you perhaps could share some thoughts on the increasing US budget deficit while employment etc is at multi-year low. This is rare and […]

QUESTION: Hi Marty, I am curious if you have a take on the BOJ. They own almost all of the JJB market and have stated explicitly they will buy it all. Now they own 77% of the Japanese ETF market. Is it folly to suggest that the US gov’t or FED is not doing the exact […]

  Bernie Sanders is probably the only Democrat who has been honest enough to admit that the Democratic Party has been a complete failure. It’s focus on Marxism and creating class warfare has been a serious issue that will fuel civil unrest as the Socialist agenda continues to implode. Sanders recently said: “The business model, […]

QUESTION: Has the world lost sight of what is a Protection Priority?? Equifax CEO Richard Smith Resigns after Backlash Over Massive Data Breach Equifax that compromised the PERMANENT data (SOCIAL SECURITY NUMBERS ) of 143 million Americans. AND IS REWARDED $18.4 million. (including a $7.6 million bonus.) Facebook CEO Mark Zuckerberg has to testify next week […]

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It was a close race between the Nikkei and the SENSEX for today’s outperformer in core Asia but the winner was eventually India. The SENSEX rallied 1.75%, with all sectors adding to the sentiment, but it was the currency appreciating that really added the value. However, we are still under the key resistance level of […]